Quirky
Army.ca Veteran
- Reaction score
- 3,689
- Points
- 1,260
Speaking of taxes, the Cdn Federation of Taxpayers reports:
Payroll taxes: The federal government is raising the mandatory Canada Pension Plan and Employment Insurance contributions in 2024. These payroll tax increases will cost a worker up to $347 next year.
For workers making $73,200 or more, federal payroll taxes (CPP and EI tax) will cost them $5,104 in 2024. Their employer will also be forced to pay $5,524.
Carbon tax: The federal carbon tax is increasing to more than 17 cents per litre of gas and 15 cents per cubic metre of natural gas on Apr. 1, 2024. The carbon tax will cost the average household between $377 and $911in 2024-25, even after the rebates, according to the Parliamentary Budget Officer.
Alcohol escalator tax: Alcohol taxes will increase by 4.7 per cent on Apr. 1, 2024. Taxes already account for about half of the price of beer, 65 per cent of the price of wine and more than three quarters of the price of spirits. This tax hike will cost Canadians almost $100 million next year.
All those taxes and nothing to show for it.
"more work needs to be done."